Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,656 shares of the building manufacturing company’s stock after acquiring an additional 2,484 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Louisiana-Pacific were worth $896,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. increased its stake in Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after buying an additional 100 shares during the period. Woodmont Investment Counsel LLC increased its position in shares of Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after acquiring an additional 114 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Louisiana-Pacific by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock valued at $242,000 after acquiring an additional 124 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial upped their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Loop Capital lowered their target price on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. DA Davidson dropped their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Price Performance

NYSE LPX opened at $83.71 on Thursday. The firm has a market cap of $5.83 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The stock’s 50-day moving average is $95.12 and its two-hundred day moving average is $104.84. Louisiana-Pacific Co. has a fifty-two week low of $71.39 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.